The proper accounting treatment for PPP loans has been a source of confusion for many borrowers. Watch this webcast as Robert Durak, CPA, Director – Private Company Financial Reporting, and Kari Hipsak, CPA, CGMA, Senior Manager – Firm Services, provide an accounting and financial reporting overview for PPP loans under the debt model, including:
Sample journal entries including loan funding, accrued interest, and loan forgiveness
Subsequent events
Balance sheet, income statement and cash flow statement presentation
Disclosures